DIGIVESTASI - Recently, the discovery of an oil and natural gas well in Bekasi has shocked the public. Apparently, this well is estimated to hold a large amount of oil and gas reserves.  PT Pertamina Hulu Energi (PHE) Exploration Director Muharram J Panguriseng said that his party will accelerate the next business process following the discovery of the oil and gas well in Bekasi. 

"We will try to accelerate the next business process. We are considering whether to proceed directly to PSE (exploration status determination) or add another well. We are considering that," he said on the sidelines of the Lombok upstream subholding media gathering on Wednesday (February 6, 2024). 

He said the second well is scheduled for the end of the year. He hopes to start production within three years. 
"If we can catch up this year, we estimate that the second well can go directly to PSE at the end of the year. We expect the POD to be in production within three years," he said. 

He said the area has oil and gas potential of up to 43 million barrels of oil equivalent. "This is oil and gas. I think this is equivalent to 43 million barrels of oil equivalent, so this is big." "Oil dominates," he said. "43 million pieces can be achieved, or can be produced, but the productivity will be better if the lifting technology is better. It can be even bigger because more is in place," he said.

In addition to domestic oil and gas exploration, PHE is also considering the acquisition of several blocks abroad. After acquiring oil and gas blocks in Petronas and Malaysia, the company is considering additional markets in South America and Africa. 

"Internationally, we are also working with ENI and Petronas to evaluate several blocks in Africa and South America. The evaluation is ongoing. We hope to find candidates that meet the criteria to go after the big fish," he said. 

They did the assessment. His party then decides to take over the block. The schemes vary, some take ownership or shareholding (PI) and go into existing blocks, some go into new blocks. 

"There are acquisitions that are already existing blocks, but we bring the PI there. "For example, we have Malaysia, and we are entering new blocks with our partners," he said.